Post Utme Achievers University 2023 Accounting Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2023 Accounting Objective / Multiple Choice
Question 19 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for ₦10,000, Sold goods for ₦50,000, and Paid salaries ₦20,000. Prepare a journal entry for the company.

Answer Options

Correct Answer A. {\begin{tabular}{|l|l|} Office Supplies & ₦10,000 \\ Sales Revenue & ₦50,000 \\ Salaries Expense & ₦20,000 \\ \end{tabular}}
B. {\begin{tabular}{|l|l|} Office Supplies & ₦10,000 \\ Sales Revenue & ₦50,000 \\ Salaries Expense & ₦20,000 \\ \end{tabular}}
C. {\begin{tabular}{|l|l|} Office Supplies & ₦10,000 \\ Sales Revenue & ₦50,000 \\ Salaries Expense & ₦20,000 \\ \end{tabular}}
D. {\begin{tabular}{|l|l|} Office Supplies & ₦10,000 \\ Sales Revenue & ₦50,000 \\ Salaries Expense & ₦20,000 \\ \end{tabular}}
Correct Answer
A
Correct Option:
{\begin{tabular}{|l|l|} Office Supplies & ₦10,000 \\ Sales Revenue & ₦50,000 \\ Salaries Expense & ₦20,000 \\ \end{tabular}}

About This Question

This is Post Utme Achievers University 2023 Accounting Question 19. It is one of the objective questions from the 2023 Post Utme Achievers University Accounting examination.

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